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Investors Capital underperforms but discount tightens

Investors Capital Trust’s results for the year ended 31 March 2015 were published yesterday. The net asset value total return per share for the year was 5.2%, compared to the FTSE All-Share Capped 5% Index total return of 6.9% and the share price total return per share for the year was 11.2% for the A shares, 3.1% for the B shares and 12.7% for the units. Total distributions for the year to 31 March 2015 of 4.48p per share, an increase of 2.5% compared to the prior year.

At 31 March 2015, 83.2% of total assets was allocated to the Equities Portfolio and 11.2% to the Higher Yield Portfolio (fixed interest and other higher yielding securities). The remaining 5.6% was held as cash and cash equivalents. The Company’s Equities Portfolio produced a total return of 6.4% during the year to 31 March 2015, while the Higher Yield Portfolio returned 4.9%.

There was no manager’s statement in the announcement.

ICTA / ICTB / ICTU : Investors Capital underperforms but discount tightens

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